Right of First Refusal refers to the entitlement of priority to the person of preemptive rights, under the same condition, to purchase the land in a transaction of land(station) or building amongst three persons. Article 104 of Land Act and Article 426-2 of Civil Code both rule that, in the wake of the sale of property or land(station) by the owner, superficies holders, lien holders, and tenants are all entitled to, under same condition, the preemptive right. This article will focus on the discussion of the conditions applied in the context of Right of Preemption and its related issues, as well as the analysis of related theories and in practice.